Thread regarding TransUnion layoffs

More Layoffs are expected in 2024 ( Live in reality)

Do you believe the 155 million dollars mentioned as severance payments are intended for the 339 layoffs in Chicago and potentially another 200 out-of-state? As you know, more layoffs are expected before the earnings call, since shareholders will likely question the CEO in February. To those earning over 125K, particularly those with dependents on their insurance, please keep your options open and be prepared to face it.

“TransUnion said it also expects to incur around $355 million to $375 million of one-time pre-tax expenses, with the majority taken on by the end of next year. Those numbers include approximately $155 million in employee separation and facility exit costs”

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| 2851 views | | 13 replies (last March 21, 2024) | Reply
Post ID: @OP+1qjR92gq

13 replies (most recent on top)

https://www.thelayoff.com/post/@zfz+1qjR92gq

To this person mark my words and prepare for the worst

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Post ID: @1lmgj+1qjR92gq

Yeah, I don't know if the continuation of PI planning is a good gauge. If these rumors are correct (jury's still out as far as I'm concerned), it might be more valuable to keep up appearances so as not to spook the folks who remain. Morale is already lower than I've ever seen.

Even if these rumors aren't true, I certainly wouldn't write off further RIF/layoffs later this year or next year considering one of generally understood goals is to cut costs and move jobs offshore.

Save your money and keep those resumes current, I guess.

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Post ID: @couy+1qjR92gq

@coyc+1qjR92gq planning will continue even after all living organisms cease to exist on planet earth.

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Post ID: @cucf+1qjR92gq

The lack of communication from the top speaks volumes. CC is a full fledged madman. Jesus take the wheel.

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Post ID: @cghi+1qjR92gq

With all the new PI planning, you're saying again this month they'll be announcing the layoffs and eliminate people to off-shore?

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Post ID: @coyc+1qjR92gq

Why would you work hard for this rotting corpse a company? Clearly they do not care about any of us so why should we care about them?

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Post ID: @cxje+1qjR92gq

PII is personally identifiable information (PII)

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Post ID: @6gdj+1qjR92gq

To the person who commented below @5tcq+1qjR92gq - You mean P2, there will be more layoffs like around May/June?

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Post ID: @6cto+1qjR92gq

IMO, the scariest thing, employment notwithstanding, is that the employee base will be mainly offshore, all with complete unfettered access to the gold mine of cloud data available (PII included) to them. Every nation should be concerned about this.

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Post ID: @5tcq+1qjR92gq

I don't know but this is making me shizz scared right now. Peace

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Post ID: @1yir+1qjR92gq

TU is transitioning into an outsourcing company, with only a few people working from the US.News of layoffs is everywhere. Many colleagues have already left the company, and the poor economy situation. Despite this, the company's top management continues with layoffs during these challenging times, leaving associates feeling helpless. If you think this is merely negative news, it's time to mature and grow up.

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Post ID: @tfl+1qjR92gq

This is the reality, The company is letting go smart and hardworking employees and favoring those who sugarcoat and pretend to work without actually contributing.

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Post ID: @yvz+1qjR92gq

Why are you scaring people here? Be positive and focus more on work. I know it's hard to keep focus with so much happening. But, keep working hard, building your resume and applying elsewhere and most importantly be positive and not spread negativity in these difficult times.

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Post ID: @zfz+1qjR92gq

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